We expect ES to trend downwards for the next 2 hours.

We expect ES to trend downwards for the next 2 hours. Based on these past Australia Employment Change news events there is a 66.67% chance of this. We expect this to happen because the released value is > -40K. A price movement of 9,625 pips is expected.

Historical events that allowed us to draw this conclusion

19 Mar 00:30
20 Feb 00:30
19 Dec 00:30
19 Sep 01:30
13 Jun 01:30
18 Apr 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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